The Daily Meaning

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Budgeting Travis Shelton Budgeting Travis Shelton

Just Until You Die

Truthfully, once budgeting becomes a steadying force in our financial lives, it's impossible to envision life without it. I can't even fathom going a single month without a planned and executed budget. That would feel weirder than wearing only a Speedo to work. It's unconscionable!

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Parenting, Spending Travis Shelton Parenting, Spending Travis Shelton

They’re All Right

During one such conversation, my young friend said she's heard all sorts of anecdotes about how much it costs to raise children. Some people told her it costs very little, while others say it costs an arm and a leg. My response: "They're all right."

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Investing Travis Shelton Investing Travis Shelton

Well, Well, Well

And just like that, the U.S. stock market is at a new all-time high. Remember just two months ago when people were decrying the end of America and the utter destruction of millions of Americans' retirement accounts? Those were fun times.

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Meaning, Investing Travis Shelton Meaning, Investing Travis Shelton

They Shot the Elephant

In a recent meeting with one of these couples, I was writing a bullet list of possible uses for their taxable investment account. As soon as I wrote the word "pre-60 retirement," they asked me to erase it. "We don't want to retire. We like to actually live our lives and have purpose."

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Spending Travis Shelton Spending Travis Shelton

The Market Value of Water

Social media is abuzz right now after leaked documents show a particular pair of Nike shoes costs $16/pair to manufacture, including all materials and labor. The selling price for said shoe? $180/pair. That's an 11x markup, or stated in terms of gross margins, 91% gross margin.

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Parenting, Growth, Behavioral Science Travis Shelton Parenting, Growth, Behavioral Science Travis Shelton

It’s Not Fair

Pax was visibly shaken after watching Tyrese Haliburton go down early in game 7 last night. Haliburton, a former Cyclone and clearly the most clutch player in this year's NBA Playoffs, was lying on the floor in agonizing pain after tearing his Achilles. He immediately knew he was done (plus next season as well). In that moment, the Pacers' chance of winning a title essentially evaporated. 

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Meaning, Careers Travis Shelton Meaning, Careers Travis Shelton

More to the Equation

There's more to the equation than money. I repeatedly watch people allow money to be the winning factor in the equation, only to feel guilt, regret, and resentment. More money isn't a bad thing, but it can be the worst thing if it comes at the expense of a meaningful life.

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Spending, Budgeting Travis Shelton Spending, Budgeting Travis Shelton

A Dollar For a Dollar

See the difference? They had zero emotional energy when discussing this random $50 spent on a lame category in their budget, but when we looked at it through the lens of a dollar for a dollar, they lit up. This is the real friction of opportunity cost.

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